Clive Richardson, president and ceo of V.Group, has denied UK press reports that the company is up for sale.
The Sunday Times claimed yesterday that the Canadian owner of V. Group, Omers Private Equity, had put the shipmanager on the market with a price tag of around £500m. Omers bought V. Group for £347m in 2011.
V. Group is the world’s largest shipmanager, a sector that has undergone notable consolidation of late.
“Contrary to the article appearing in some Sunday papers in the UK, our shareholders have not initiated a sale process. Sale or not, however, as far as V.Group is concerned, it’s business as usual,” Richardson told Splash today.
